Get ready to meet the IRS again, especially if you’re a high-income filer or a small business owner.
Following a setback in a federal court case earlier this year, the Internal Revenue Service is releasing proposed regulations that would change the procedure it follows when pursuing inquiries into ...
New IRS automation is accelerating audits, levies, and wage garnishments, prompting tax professionals to reassess how ...
If the IRS notifies you of an audit, and you expected a tax return, you probably have a lot of questions. Will you ever get ...
Because a limited liability company (LLC) made a valid early election into the audit and examination regime of the Bipartisan Budget Act (BBA), P.L. 114-74, the IRS’s final partnership administrative ...
It has been 10 years since the Bipartisan Budget Act introduced the Centralized Partnership Audit Regime. The program was intended to help the Internal Revenue Service audit partnerships more ...
The most recent draft of the form for reporting digital asset transactions reflects the final regulations for custodial broker reporting that the IRS released in June. The IRS moved the moratorium ...
It is an uncertain time to be a tax-exempt public charity or private foundation. The federal government has recently scrutinized certain tax-exempt organizations (see here), and draft congressional ...